If a Firm Makes Zero Economic Profit,then the Firm

question 92

Multiple Choice

If a firm makes zero economic profit,then the firm

• A) has no incentive to stay in the industry.
• B) is better off exiting the industry.
• C) is indifferent between staying and exiting the industry.
• D) will shut down.

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Definitions:

Quality Control Measure

Procedures and standards implemented to ensure that a product or service meets specific quality criteria and customer expectations.

Sterile

A condition of being free from all forms of microorganisms, ensuring an environment or object is completely clean and pathogen-free.

Pressurized Steam

Steam that has been compressed to a higher pressure than atmospheric pressure, often used for sterilization or power generation.

Boiling Point

The temperature at which a substance changes from a liquid to a gas, varying based on atmospheric pressure.